We're constantly told that diversification is the only free lunch in finance. Yet most of the world's top investors choose not to eat it. Warren Buffett, Charlie Munger, John Maynard Keynes, Lou Simpson, George Soros. All run concentrated portfolios.
The guest on this week’s episode of the Rules of Investing is similarly esteemed, with a similarly concentrated portfolio.
Claremont Global's Bob Desmond runs a portfolio of just 10-15 "quality growth" stocks.
What's more of the stocks he owned during the 'free money' period of high liquidity and high growth are the same stocks he owns today.
In today's episode, Bob explains why quality growth is the best strategy in all markets, why investors shouldn't react to the news cycle, why nVidia might not be overpriced despite its enormous run, and the one stock he would love to own "forever".
Here's a preview of what you can expect.
A hated sector that Ben Graham would love
John Sevior’s simple principles for investment success
Value, growth... Why not both? An interview with Alex Waislitz.
How Harley Grosser turned $100k into $800k in 4 years
How to avoid portfolio bombs
Peter Morgan: The best asset I've ever bought
How to lower your risk and maximise returns
The big picture view on Aussie equities
The ‘special’ stocks Emma Fisher is hitching the Airlie wagon to
Grantham: This is a bubble, this is serious
Preview: Exclusive interview with Jeremy Grantham
Making money from unloved and out-of-favour stocks
Winning the vaccine trade - where to next?
Inside Morgan Stanley’s bullish bet on the recovery
An inflection point for Aussie shares
The biggest question facing investors today
The 15 stock portfolio
Finding value in dark corners of the market
Season's greetings from Livewire Markets
Buy Australian for the next recovery phase
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